§ 58-61-5. Definitions. - North Carolina Statutes

§58‑61‑5.  Definitions.

For purposes of this Articlethe "Published Monthly Average" means:

(1)        The Monthly Averageof the Composite Yield on Seasoned Corporate Bonds as published by Moody'sInvestors Service, Inc., or any successor thereto; or

(2)        In the event thatthe Monthly Average of the Composite Yield  on Seasoned Corporate Bonds is nolonger published, a substantially similar average, established by regulationissued by the Commissioner. (1981, c. 841, s. 1.)